'Everything is gone' in the midwest land market
Auctioneers are reporting a busy end to the season with one auctioneer telling me 'everything is gone.' GVM Limerick had a strong finish to the year on the private treaty front selling quite a few smaller farms, reports Jim O'Brien.
Included in the list of late sales were properties that had been in the auction room.
Among the latter is a 48ac farm at Laught, Lisnagry on the outskirts of Limerick that sold by private treaty to a local farmer for a figure believed to be in the region of €600,000.
Located just 15 minutes drive from Limerick City the farm is across the road from Ahane school, close to the University of Limerick, Plassey Technological Park and Junction 28 on the M7 motorway.
The property has extensive road frontage and includes a farmhouse in need of complete modernisation along with dated farm buildings
It was originally divided for sale into a number of lots with the first lot consisting of the farmhouse and out offices on 19ac.
The second is made up of 13ac of ground while the third is a 16ac parcel with frontage on to two roads. The last is a 0.5ac parcel of raised bog at Annaholty, Birdhill. A local farmer bought the entire.
In a separate sale a 7.5ac grass field, also at Laught, Lisnagry and accessed by a right of way made €85,000 or over €11,300/ac.